July 22, 2020
PORTSMOUTH, NH — MediSpend, a global technology company providing best-in-class transparency reporting and compliant healthcare professional (HCP) engagement software solutions for the life sciences industry, reports a record-breaking first half of the year by welcoming 11 new clients while continuing to meet the high demand from enterprise pharmaceutical and medical device companies.
“The COVID-19 pandemic has affected businesses large and small. We feel very fortunate to have weathered this storm so far,” said chief executive officer, Craig Hauben. “MediSpend is on track to nearly double the number of new clients from 2019, as we continue to expand our existing customer base globally. We are anticipating another year of more than 30% growth.”
With high client satisfaction scores of 97% in client services and support and 91% in product functionality, the demand for MediSpend’s two flagship products is at an all-time high. Global implementation of MediSpend Engagement Manager is rising as more life sciences companies understand the importance of a global, end-to-end platform to compliantly manage HCP engagements. MediSpend Transparency Reporting Solution is quickly becoming the #1 solution among pre-commercial, small and mid-tier life sciences companies that are either in the process of creating a compliance program for the first time or strengthening an existing one.
“Many clients have recently switched to MediSpend from other companies because their existing solution lacked data aggregation, data validation, analytics capabilities and the global jurisdictions needed to comply with global transparency reporting requirements,” said vice president of product management, Neeraj Singhal. “Furthermore, we continue to innovate and strengthen our commercial compliance platform by making it easier for our clients to manage and perform compliant HCP engagements through our market leading, SaaS-based applications, exceptional client services and strong partner ecosystem.”
From a partnership perspective, MediSpend continues to strengthen its partner ecosystem by partnering with highly reputable organizations where our solutions complement theirs to ensure mutual client success. The most recent example includes MediSpend and Veeva partnering to provide an integrated solution of best-in-class technologies to facilitate a compliant HCP engagement process with integrations into Veeva CRM Events Management. The combined efforts of Veeva to provide superior event management solutions along with MediSpend’s cutting-edge Engagement Manager assists clients in ensuring global compliance. MediSpend has also strengthened its strategic collaboration with Guidehouse to provide an integrated solution consisting of industry standard technology with superior advisory services to help life sciences companies ensure compliance. To learn more about our collaboration and solutions, download our brochure here.
Interested in learning more about how compliance-enabled technology can help you manage enterprise risk? Recently, leading industry experts from MediSpend, Guidehouse and DJO Global discussed the importance of technology in the life sciences industry and the solutions available to help life sciences companies proactively and effectively manage high-risk activities. Watch the video here.
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About MediSpend
MediSpend, a global technology company providing best-in-class transparency reporting and compliant HCP engagement software solution for the life sciences industry, is the compliance system of record for some of the world’s largest pharmaceutical, medical device, dental and emerging biotech companies. Developed by our innovative team, the MediSpend Global Compliance Platform represents the industry’s first global SaaS solution designed to manage the end-to-end process of HCP engagement to transparency reporting, facilitating compliance with global healthcare laws while streamlining business processes. MediSpend is headquartered in Portsmouth, N.H., with offices in Minnesota, New York and Pennsylvania. Visit MediSpend online at www-stg.medispend.com.
Media Contact:
Seth Houston
shouston@medispend.com
(215) 779-2415